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Others
GB Auto’s newly launched Lubricants
business distributes Gazprom Neft-
Lubricants at GB Auto-branded and
third-party points of presence in the
Egyptian market under an exclusive
strategic alliance with Gazprom Neft.
The company announced in January
2014 that it has entered into an exclusive
strategic alliance to distribute Gazprom
Neft-Lubricants, giving GB Auto access
to a 400-450,000 ton per year market
that grows at a 4-5% annual pace. The
company will aim to take the partner-
ship to other regional markets, possibly
incorporating other lines of business
from Gazprom Neft’s downstream
portfolio, following a successful rollout
in Egypt at both GB Auto-branded and
third-party points of sale.
The company is also rolling-out a
Western-style pre-owned car operation
— branded Fabrika — at all GB-owned
points of presence in Egypt, with op-
erations having begun and the market
proving receptive. Management antici-
pates further announcements regard-
ing product representations within GB
the GB Auto-owned new car sales
locations was accomplished in 3Q14,
and proved in 4Q14 to be beneficial
for both divisions.
• Preparations are well underway for
the
Retail
division to launch op-
erations in 2015 at three branches,
to be called ‘360’ in prime locations
in Cairo.
Auto-branded service centers and third-
party points of sale in the near future.
GB Auto’s Retail arm will operate retail
After-Sales outlets to distribute tires, tire
parts, batteries, parts and lubricants.
These points of presence will also offer
services including tire installation and
balancing, battery service and the sale and
injection of lubricants in select locations.
The retail outlets will be called ‘360’ and
operations are set to launch in 2015 at
three branches in prime locations inCairo.
2014 Business Review
• Lubricant
operations are on-track
with test sales having begun in
3Q14 and continuing in 4Q14.
Management anticipates further
announcements regarding product
representations within GB Auto-
branded service centers and third-
party points of sale in the near
future.
• Fabrika
closed its third full quarter
of operations at the end of FY14 with
LE 9.3 million in sales. The full inte-
gration of Pre-Owned Vehicles into
“Management anticipates further announcements
regarding product representations within
GB Auto-branded service centers and third-
party points of sale in the near future.“
Ghabbour Auto | 2014 ANNUAL REPORT
28